On November 6, 2024, Jeffery Leonard, President & CEO of Alamo Group Inc (ALG, Financial), sold 1,000 shares of the company at a price of $199.6 per share. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 36,324 shares of Alamo Group Inc.
Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The company's products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, and other industrial equipment.
Over the past year, Jeffery Leonard has sold a total of 1,000 shares and has not purchased any shares. The insider transaction history for Alamo Group Inc shows a total of 8 insider sells and 0 insider buys over the past year.
Shares of Alamo Group Inc were trading at $199.6 on the day of the sale, giving the company a market cap of approximately $2.36 billion. The price-earnings ratio of the stock is 19.70, which is above both the industry median of 13.98 and the company’s historical median.
According to the GF Value, the intrinsic value of Alamo Group Inc is estimated at $177.96 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 1.12. The GF Value is calculated based on historical trading multiples, an adjustment factor based on the company’s past performance, and future business performance estimates from analysts.
This recent sale by the insider could be of interest to current and potential investors, providing insight into how insiders are reacting to the company's current valuation and market conditions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
